rebounce,

 update after T4. Posible to complete up to W5 (1140c)

Can go up to 1.1?? If yes, then should be good price to enter now...

go go go

ONLINE coaching - Group Premium Student Mahersaham

Industry Comparision : Steel Products

1. AISB
2. ANNJOO
3. ATTA
4. CHOOBEE
5. CSCSTEL
6. DYNACIA
7. EMETALL
8. HIAPTEK
9. KINSTEL
10. LEONFB
11. LIONIND
12. MASTEEL
13. MELEWAT
14. MYCRON
15. PANTECH
16. PRESTAR
17. SSTEEL
18. WZSATU
19. YKGI
20. YLI

On Friday, Prestar Resources Bhd (PRESTAR:KLS) closed at 0.46, -19.30% below its 52-week high of 0.57, set on Jul 17, 2019.

Kajian Saham Picisan

• Prestar Resources Bhd’s net profit in the third quarter jumped 132% to RM5.2mil from RM2.2mil a year ago on higher steel prices and positive contributions from its steel pipes, guardrails and racking division.

Kajian Saham Picisan

https://menginvestlife.blogspot.com/2021/07/050.html 050 - 钢铁行业状况

If you are going to look at relative valuation, you shoud also consider relative fundamentals. Over the past 14 years, Prestar average ROE was 7%. The average for the Bursa Steel sector was negative 1 %. This is an example of relative fundamentals. Of course the actual annual picture for the sector is more volatile as illustrated below;

So from a fundamental perspective, the company did better than the sector over the past 14 years. If you are interested in hunting for steel companies to invest in, I would dig deeper into this one.

But, when comparing you should look at more than just one metrics. If you want to see how the sector had done, go to A tough 12 years for Bursa Malaysia steel companies